Portfolio Performance and Strategy - The Dividend Harvesting Portfolio has experienced ups and downs, including a -12.65% decline in week 83, but has consistently generated dividend income and achieved a 17.49% ROI on invested capital by week 177 [2][12] - The portfolio is designed to mitigate downside risk and generate recurring income, with a secondary goal of capital appreciation, and is highly diversified across sectors to benefit from market rebalancing [2][8] - The portfolio has generated $33.49 in dividend income in a single week, with a 2024 weekly average of $27.53, and is on track to exceed $100 in weekly dividend income in 2024 [4][5] Sector Allocation and Income Distribution - REITs, ETFs, CEFs, and BDCs make up 61.37% of the portfolio and generate 71.87% of the forward income, while individual equities represent 38.63% of the portfolio and generate 28.13% of the dividend income [25] - The portfolio is diversified across sectors, with REITs (19.58%), ETFs (18.95%), and Closed End Funds (13.27%) being the largest allocations, while maintaining a cap of 20% per sector to mitigate downside risk [19][8] - The top 10 holdings represent 31.58% of the portfolio and are projected to generate 30.60% of the annualized dividend income, with a forward yield of 9.06% [28] Key Holdings and Recent Additions - Altria Group (MO) has rallied 22.61% to $49.45 and is now the first position in the portfolio to exceed $1,000 in value, with a yield of 7.93% [27][21] - Blackstone Secured Lending Fund (BXSL) and NEOS NASDAQ-100(R) High Income ETF (QQQI) were added to in week 177, with BXSL generating a 10.18% yield and QQQI projected to pay $7.25 per share in dividends annually [10][29] - The portfolio has 32 positions generating at least 1 share annually from dividends, with an expected $116.60 in additional dividend income from new shares [6] Dividend Growth and Compounding - The portfolio has grown from $97.44 in forward dividend income in week 1 to $1,594.04 by week 177, with a projected $1,600 by the end of July and $1,650 by the end of summer [11][12] - In 2024, the portfolio has collected $798.43 in dividend income from 386 dividends, representing 81.80% of 2023's total dividend income from 58.48% of the dividends produced [16] - The power of compounding is expected to accelerate, with $2,000 and $3,000 in forward dividend income being achieved much quicker than the initial $1,400 milestone [12]

Andy Roberts/iStock via Getty Images Growing one’s nest egg can be a fun journey, especially when one has extra capital to deploy from recurring dividends. This could be a solid supplement to contributing a portion of one’s own paycheck on a regular basis, and the extra dividend income could also provide extra cushion for life events such as vacations or in the unfortunate case of a job loss. With the S&P 500 (SPY) again nearing its all-time high, those investing in the index today won’t likely see mean ...

PORTFOLIO CONSTRUCTION 17% Broad industry representation with largest exposures in software, health care providers & services, professional services and commercial services & supplies Top Ten Portfolio Companies(1)(2) Top Ten Industries(1)(3) (as of March 31, 2024) | --- | --- | --- | --- | |--------------------------------------------------------|----------------------------------------------|----------------------------------------------|-------| | | Donuts, 3% Snoopy Bidco, 3% \nGuidehouse, 3% | Software ...

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.43%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.96, delivering a surprise of 4.35%.Over the last four quarter ...

For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of BXSL's website at https://ic.bssl.com. Investors Stacy Wang, Head of Stakeholder Relations Blackstoneshareholderrelations@blackstone.com +1888-756-8443 MAY 8, 2024 This presentation should be read in conjunction with BXSL's latest quarterly report filed on Form 10-Q for the period ended March 31, 2024. Numbers are approximate and may not add up due to rounding. 98.5% of investments are first lien, ...

Financial Performance - For the three months ended March 31, 2024, the Company recorded $1.9 million in non-recurring interest income, compared to $0.4 million for the same period in 2023, representing a 375% increase [249]. - The Company accrued income-based incentive fees of $35.8 million for the three months ended March 31, 2024, compared to $30.4 million for the same period in 2023, reflecting a 17.8% increase [266]. - For the three months ended March 31, 2024, the Company incurred $3.4 million in U.S. federal excise tax, compared to $2.6 million for the same period in 2023 [281]. - Base management fees for the three months ended March 31, 2024, were $26.0 million, an increase from $24.7 million in the same period of 2023, with $0.0 million and $6.2 million waived respectively [289]. - The Company accrued capital gains incentive fees of $3.1 million for the three months ended March 31, 2024, while reversing previously accrued fees of $(1.6) million for the same period in 2023 [295]. - For the three months ended March 31, 2024, the net increase in net assets resulting from operations was $183.8 million, compared to $138.8 million for the same period in 2023, representing a 32.4% increase [360]. - Earnings per common share (basic and diluted) rose to $0.96 for the three months ended March 31, 2024, up from $0.86 in the same period of 2023, reflecting a 11.6% increase [360]. - Net investment income after excise tax for the three months ended March 31, 2024, was $165.85 million, compared to $149.18 million for the same period in 2023, an increase of approximately 11.2% [410]. - Total investment income for the three months ended March 31, 2024, was $303.96 million, up from $264.94 million in the same period of 2023, reflecting a growth of about 14.7% [407]. Investment and Asset Management - The Company has commitments and risks from investment transactions, including those involving derivative instruments, which are subject to various market and credit risks [269]. - The fair value of the Company's investments may fluctuate significantly due to market conditions, with potential material differences from recorded values [245]. - The Company recognizes dividend income on preferred equity securities on an accrual basis, contingent on expected collectability [273]. - The Company has loans with payment-in-kind (PIK) provisions, which are recorded as interest income but may be placed on non-accrual status if not expected to be realized [272]. - The total cost of investments as of March 31, 2024, is $10,496,753, reflecting a total fair value of $10,439,173 [329]. - The total investments as of March 31, 2024, include $10,287,119 in first lien debt, $41,515 in second lien debt, and $11,859 in unsecured debt [329]. - The fair value of total investments as of December 31, 2023, was $9,710,582, with first lien debt at $9,533,700 and second lien debt at $41,515 [337]. - The fair value of equity investments increased from $94,940 to $98,680 during the same period [306]. - The weighted average yield on new investments was 11.4% for the three months ended March 31, 2024, down from 12.6% in the same period of 2023 [402]. - The number of portfolio companies increased to 210 as of March 31, 2024, compared to 196 at the end of December 31, 2023 [402]. Tax and Regulatory Compliance - The Company is subject to a 4% nondeductible federal excise tax on certain undistributed income unless specific distribution requirements are met [253]. - The Company must distribute at least 90% of its investment company taxable income to maintain its RIC status, which affects its tax obligations [279]. - The Company evaluates tax positions to determine if they are "more-likely-than-not" to be sustained, impacting financial statements and tax expenses [252]. - The adoption of ASU 2022-03 did not have a material impact on the Company's condensed consolidated financial statements [283]. Debt and Financing - The Jackson Hole Funding Facility has a maximum commitment amount of $500 million, potentially expandable to $900 million, with a maturity date of May 17, 2027 [355]. - The Revolving Credit Facility includes funded term loans totaling $385 million and allows for letters of credit up to $175 million, with availability terminating on June 28, 2027 [356]. - The total amount outstanding for the Jackson Hole Funding Facility was $387.9 million as of March 31, 2024, compared to $233.0 million as of December 31, 2023, marking a 66.6% increase [385]. - The Breckenridge Funding Facility had an outstanding amount of $824.4 million as of March 31, 2024, up from $741.7 million as of December 31, 2023, which is an increase of 11.1% [385]. - The Big Sky Funding Facility's outstanding amount was $500.0 million as of March 31, 2024, compared to $480.9 million as of December 31, 2023, representing a 4.6% increase [385]. - The Revolving Credit Facility's outstanding amount increased to $785.7 million as of March 31, 2024, from $682.3 million as of December 31, 2023, indicating a 15.1% increase [385]. - The company's asset coverage ratio was 197.3% as of March 31, 2024, compared to 200.3% as of December 31, 2023 [340]. - The fair value of the company's SPV Financing Facilities approximates their carrying value as of March 31, 2024, due to variable interest rates based on selected short-term rates [366]. Shareholder Information - The company declared a distribution of $0.77 per share, payable on or about July 26, 2024 [419]. - The company did not repurchase any shares under the 10b-18 Plan during the three months ended March 31, 2024 [384]. - The share repurchase plan authorized up to $250 million in buybacks, which was not renewed and terminated on February 22, 2024 [490]. - The company's net assets at the end of the preceding quarter are compared to a hurdle rate of return of 1.5% per quarter [316]. - The ratio of net expenses to average net assets improved to 10.7%, down from 11.7% in the previous year [416]. - The company had 191,874,419 shares outstanding at the end of the period, an increase from 160,571,371 shares in the previous year [416]. - Net asset value increased to $26.87 per share, up from $26.10 in the previous year, representing a growth of 2.95% [416]. - The portfolio turnover rate increased to 1.8%, compared to 1.1% in the previous year [416]. - The company experienced a net change in unrealized appreciation of $6,984 for the period ended March 31, 2024 [353].

sshepard Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the last week of February. ...

Blackstone Secured Lending Fund Reports Blackstone Secured Lending Fund issued a full detailed presentation of its fourth quarter and full year 2023 results, which can be viewed at www.bxsl.com. Blackstone Secured Lending Fund 345 Park Avenue New York, NY 10154 T 212 583 5000 Forward-Looking Statements and Other Matters Certain information contained in this communication constitutes "forward-looking statements" within the meaning of the federal securities laws and the Private Securities Litigation Reform Ac ...

SECURITIES AND EXCHANGE COMMISSION Blackstone Secured Lending Fund PART I Item 1. Business 4 Item 1A. Risk Factors 27 Item 1B. Unresolved Staff Comments 112 Item 1C. Cybersecurity 113 Item 2. Properties 114 Item 3. Legal Proceedings 114 Item 4. Mine Safety Disclosures 114 PART IV Item 15. Exhibits, Financial Statement Schedules 226 Item 16. Form 10-K Summary 231 Table of Contents 1 The following is only a summary of the principal risks that may materially adversely af ect our business, financial condition, ...

mphillips007 Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the first week of Febru ...